ONESAVINGS BANK PLC One Savings Bank Plc : Director/Pdmr Shareholding

 
TIDMOSB 
 
   OneSavings Bank plc 
 
   (the 'Company') 
 
   Notification of Transactions of Persons Discharging Managerial 
Responsibilities ("PDMRs") and persons closely associated with the PDMRs 
 
   The Company received notification that on 29 November 2016 Mr Richard 
Davis, a PDMR of the Company, sold 25,000 ordinary shares of GBP0.01 
each at an average price of GBP3.22 per share. 
 
   The following disclosure is made in accordance with Article 19 of the EU 
Market Abuse Regulation 596/2014. 
 
   1 - Details of the person discharging managerial responsibilities / 
person closely associated 
 
 
 
 
 
 
Name of natural person  Richard Davis 
 
 
 
   2 - Reason for the notification 
 
 
 
 
 
 
Position/status                 Chief Information Officer 
 
Initial notification/amendment  Initial Notification 
 
 
   3 - Details of the issuer, emission allowance market participant, 
auction platform, auctioneer or 
 
   auction monitor 
 
 
 
 
 
 
Full name of the entity       OneSavings Bank plc 
 
Legal Entity Identifier code  213800WTQKOQI8ELD692 
 
 
   4 - Details of the transaction(s) 
 
   Transaction(s) summary table 
 
 
 
 
 
 
  Date of       Financial   Identification    Place of       Currency 
  Transaction   Instrument  Code              Transaction 
  2016-11-29    Ordinary    GB00BM7S7K96      London Stock   GBP - British Pound 
                shares of                     Exchange, 
                GBP0.01                       Main Market 
                each                          (XLON) 
  Nature of Transaction:                    Price          Volume      Total 
   Disposal 
                                            GBP3.22        25,000      GBP80,550 
                            Aggregated      GBP3.222       25,000      GBP80,550 
 
 
 
   Enquiries: 
 
   OneSavings Bank plc 
 
   Alastair Pate, Head of Investor Relations            t: 01634 838973 
 
   Brunswick 
 
   Robin Wrench / Simone Selzer                           t:  020 7404 5959 
 
   Notes to Editors 
 
   About OneSavings Bank plc 
 
   OneSavings Bank plc ('OSB') began trading as a bank on 1 February 2011 
and was admitted to the main market of the London Stock Exchange in June 
2014 (OSB.L). OSB joined the FTSE 250 index in June 2015. 
 
   OSB is a specialist lending and retail savings group authorised by the 
Prudential Regulation Authority, part of the Bank of England, and 
regulated by the Financial Conduct Authority and Prudential Regulation 
Authority. 
 
   OSB primarily targets underserved market sub-sectors that offer high 
growth potential and attractive risk-adjusted returns in which it can 
take a leading position and where it has established expertise, 
platforms and capabilities.  These include private rented sector 
Buy-to-Let, commercial and semi-commercial mortgages, residential 
development finance, bespoke and specialist residential lending and 
secured funding lines. OSB originates organically through specialist 
brokers and independent financial advisers.  It is differentiated 
through its use of high skilled, bespoke underwriting and efficient 
operating model. 
 
   OSB is predominantly funded by retail savings originated through the 
long established Kent Reliance name, which includes online and postal 
channels, as well as a network of branches in the South East of England. 
Diversification of funding is currently provided by participation in the 
Funding for Lending Scheme and access to a securitisation programme. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: ONE Savings Bank PLC via Globenewswire 
 
 
  http://www.osb.co.uk/ 
 

(END) Dow Jones Newswires

December 02, 2016 11:30 ET (16:30 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.